Skip to main content

About your Search

20121201
20121231
STATION
CNNW 25
MSNBCW 20
KQED (PBS) 17
CSPAN 15
CNBC 9
KRCB (PBS) 9
KQEH (PBS) 7
CNN 6
KPIX (CBS) 6
MSNBC 5
CSPAN2 4
FBC 4
WUSA (CBS) 3
KCSM (PBS) 2
( more )
LANGUAGE
English 153
Search Results 0 to 49 of about 153 (some duplicates have been removed)
that they are actually willing to compromise big time even though erskine bowles is a very easy democrat to negotiate with, unlike the actual elected democrats in washington. in other words, erskine bowles is willing to compromise on things or was willing to compromise on things that the democrats are not willing to co comp pro mice on. which means that it's utterly meaningless on your way to try to get a deal with the president of the united states. erskine bowles' proposal included a $600 billion cut in medicare spending which he achieved by raising the medicare eligibility age. so republicans just proposed raising the eligibility age for medicare, a proposal that polls show is supported by a full 30% of the american people and rejected by only 67% of them. white house communications director dan fi officer rejected the offer and repeated that any agreement must include some higher income tax rates on top earners. the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, tr
was erskine bowles' idea. they summarized the testimony that the bill clinton chief of staff last year gave about what he thought might kind of be a workable budget deal way back then. because bowles is a democrat, the republicans thought they he could try to pretend that agreeing with a single democrat means that they are actually willing to compromise big time even though erskine bowles is a very easy democrat to negotiate with, unlike the actual elected democrats in washington. in other words, erskine bowles is willing to compromise on things or was willing to compromise on things that the democrats are not willing to compromise on. which means that it's utterly meaningless on your way to try to get a deal with the president of the united states. erskine bowles' proposal included a $600 billion cut in medicare spending which he achieved by raising the medicare eligibility age. so republicans just proposed raising the eligibility age for medicare, a proposal that polls show is supported by a full 30% of the american people and rejected by only 67% of them. white house communications direc
, erskine bowles, who chaired the first deficit reduction commission. they're concerned about the dangers ahead. so concerned that simpson took to the dance floor to urge young people to get involved. we'll also get the take of rising democratic star cory booker, the mayor of newark. what's his answer to the washington gridlock? and is he planning a run for governor against chris christie. for analysis, we'll turn to joe klein of "time" magazine. "washington post" columnist michael gerson, and our own norah o'donnell and major garrett, our chief white house correspondent. it's all ahead on "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: good morning, again. well, to the famous combos of modern life, from mac and cheese, peanut butter and jelly, rum and coke, bread and butter, and salt and pe pepper, add one more pair simpson-bowles. alan simpson may be in wyomingy and erskine bowles in north carolina but you can't mention one without think of the other. when you headed up the bipartisan deficit commission appo
to me. that -- what he offered was what erskine bowles offered to the select committee as a compromise between the democrats and the republicans. i'm certain if this is not good enough for the white house, we will go over the fiscal cliff. >> this is a compromise on taxes. this is a compromise on mandatory spending. and it's a compromise on discretionary spending over what the select committee had debated. >> i should mention that erskine bowles has put out a statement himself. while i'm flattered the speaker would call something the bowles plan. the outline in the letter the speaker sent to the president does not represent the bowles simpson plan, nor is it the bowles plan in my testimony on deficit reduction. i simply took the mid point of the public offers, put forward during the negotiations to demonstrate where i thought a deal could be reached at the time. he's very much backing away from speaker boehner's letter. the question i wanted to ask you is some of the details, as you know, it's all in. >> can we spin one more point on that? >> absolutely. >> here's speaker boehner who i
they watched in horror in the summer of 2011. >> white house officials note that even erskine bowles is pulling back from the claim by boehner he is on board. in a few moments the president will be hosting the congressional ball, black tie holiday party. first time they will see him face to face in days. maybe they'll work on a compromise. >> bret: ed henry on the north lawn. thanks. let's talk about the fiscal cliff negotiations with one of the key democrats involved. chris van hol season a five-term representative from maryland. the ranking member of the house budget committee. thank you for being here. >> great to be with you. >> bret: where do you see the process now? >> we have been waiting for a response. he put something in writing. good news it's in writing and the bad news it doesn't get us moving forward. but piece of paper. that is a change. >> the piece of paper. house g.o.p. counter offer. revenue, $800 billion. health savings $600 billion. mandatory savings $300 billion. revision to cpi. $200 billion. net savings $2.2 trillion. i have a cording to the white house accounting, $4.6
was what erskine bowles offered as a compromise to the democrats and republicans. i'm certain if this is not good enough for the white house, we will go over the fiscal cliff because this is a compromise on taxes. this is a compromise on mandatory spending and it's a compromise on discretionary spending over what the select committee had debated. >> the details if we can and i should mention that erskine bowles put out a statement saying this -- does not represent the bowles-simpson plan, nor is it the bowles plan. in my testimony before the joint select committee on deficit reduction, i simply took the midpoint of the public offers to demonstrate where i thought a deal could be reached at the time. he's very much backing away from speaking boehner's letter, but the question i wanted the to ask you -- >> can we spend one more point on that? >> of course. >> what did he say? that was the midpoint of a compromise from the two. so, here's speaker boehner who is taking a new point on the compromise between the two sides and offered it and it's already flatly rejected? >> i think w
in michigan. also this morning one half of america's favorite fiscal friendship will be here. erskine bowles on debt deal making, whether he wants to work for the obama administration and his pal simpson's newfound love for deficit hawk gangnam style. plus, what will had hillary clinton do next. the secretary of state's future. some of clinton's closest allies are keeping very quiet which actually was surprising. good morning. from washington it's monday, december 10, 2012. this is "the daily rundown." i'm chuck todd. we're in double digits in december. what does that mean? it means we're finally at the serious phase of the fiscal negotiations. three weeks to go before the proverbial fiscal cliff. actually it's not proverbial. so-called, right? let's not hope this becomes proverbial. anyway, the president's photo-op of the day will be at a suburban detroit auto plant. >> if we're serious about protecting middle class families and we're going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. the. >> the president is in detroit, daimle
inspiration, democrat erskine bowles. >> there are over $7 trillion worth of economic events that are going to hit america in the gut. i think impact would be really strong. if anybody thinks this is going to be a slope better wake up. >> ifill: the link between brain injury and sports, new evidence ties repeated blows to the head to long-term damage. we take a look. >> brown: ray suarez looks at the firestorm over israel's announcement it will expand settlements in the west bank. >> ifill: elizabeth brackett looks at how one chicago school is dealing with the transition to new state-wide standards. >> i really did find that the kids do understand more, and they learn more. they're more interested in what they're learning. >> brown: plus, as global carbon dioxide levels hit record highs, we analyze the increasing difficulty of combating climate change, with carol davenport of the "national journal." >> ifill: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and
. erskin bowles will join us this morning, as well. if you have the democrats quoting him, the republicans quoting him, we'll very where he comes down and where things stand right now. >> you do simpson-bowles now instead of the bowls-simpson? >> i looked it up on going.. the more often cited is simple is son-bowles. >> the journal has an interesting piece. they don't like corker for breaking rank. they say why are republicans negotiating this themselves? they say let boehner do the negotiations. anyway, you would be hard pressed to find something who sdn have aen opinion on the fiscal cliff. this weekend, the ahead of the imf said the united states is more vulnerable to its domestic trouble more than anything else happening in the eurozone. christine lagarde says a balanced approach is needed and she says don't kick the can down the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcin
, but handling the revenue side with deductions. here's what erskine bowles told my friend last night. >> i am positive that to get a deal done your' going to have to have higher tax rates on the top 2%. i'm actuallyequally sure $350 b worth of cuts that the president put on the table for health care entitlements, is not going to be sufficient to get the deal done. there's going to have to be compromise. >> compromise, that's a dirty word in washington. senator conrad, what do you think is going to be the outcome? is there going to be a deal? >> i think so. and, you know, it's not that far away. if you took the president's revenue and you took the republican's cuts, made some modifications to them, relatively modest modifications to them, you would have an overall package counting what's already been done of over $4 trillion which what is you need to get the country on track. we're starting to edge closer to a position that if you took both sides' positions you would be very close to a reasonable outcome. >> one of the questions the president was asked today, why don't you all get together and
there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point. that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing rates to expire. >> we're going to be talking to senator johnson this morning also xavier becerra about the details or lack of details in the two competing plans at this point and how much bowles is connected or not connected to this plan. still ahead this morning on "starting point" a young cancer patient missing from a hospital and her life depends on f
referring to an erskine bowles plan that he testified to in the fall of 2011. the white house made it clear that's a nonstarter and they won't even respond until the gop puts forth a plan that includes a tax rate hike. the obstacle continues to be republicans who hold out hope. millionaires and billionaires. while it sounds like the two sides are far apart, the budget numbers are not that far apart. the white house you get close. they say it lacks detail. doon pfeiffer says it does not say which loopholes they would close or savings they would achieve. if the president is rejecting this middle ground offer it is his obligation to present a plan that can pass both chambers of congress. are we at a stalemate who offers something next? house republicans said theirs mirrors one proposed by erskine bowles, the democratic chair of the fiscal position. bowles shot down that suggestion. while i'm flattered the speaker would call something the bowles plan, the approach outlined in the letter speaker boehner sent to the president does not represent the simpson bowles plan nor is it the bowles plan. h
%. >> erskine bowles said as big as the divide appears, despair is premature. >> that is just like a movie theater you go through each one of these. to get a deal done i am positive you will have to have increased tax rates on the top 2%. i'm also sure that the cuts that the president put on the table for health care entitlements will not be sufficient to get the deal done. >> reporter: republicans said many of their ideas reflected ideas put forward first by erskine bowles, but mr. bowles quickly put out a statement denying that, giving the white house an opportunity to gloat and question the republican seriousness in all of this. here at the white house, the president will meet with half a dozen governors and discuss fiscal cliff issues. those governors may ask for resolution fearing political blowback at home. >> major, last night was the can you think -- congressional christmas party at the white house. >> reporter: sources tell me the speaker was here last night for the holiday event but did not stand in line for a picture with the president. no handshake,
down is drawn from erskine bowles' individual testimony to the super committee in the fall of 2011. that is to say, not the simpson/bowles recommendation itself, but when erskine bowles testified and offered an alternative in trying to nudge them toward an agreement, this was not a republican proposal, per se, it was from erskine bowles. >> a prominent democrat. >> yes. >> thank you, john harwood. i can't believe we've had 13 months to figure out medicare, medicaid -- >> yes, you can. come o we're talking about congress. >> -- taxes, social security -- >> we're talking about politics. >> -- now down to the last 28 believes. >> of course you can believe that. that's how it works. it's human nature. did you study for your finals 13 months before you had to take them? you did not. >> that doesn't mean it's responsible. let's take a short break. 40 minutes before the closing bell sounds on the day. a market down 55 points on the dow industrials. >> ford and general motors getting a boost from all the folks who needed new cars after sandy. but is either stock a buy right now? we'll look
have started with talking about erskine bowls. last week he said he already denounced what they were trying to say he said during the assessment. by this afternoon maybe within a k. hours we'll have more b roll of erskine saying that's not what i said. >> they have to be printing "i heart erskine bowls." >> he has said that's not actually what i meant or said. also, though, again, look at the polls. these guys continue to make their argument. they continue to lose in the polls. more and more people agree with the president, so whatever argument john boehner thinks that he is making, people are -- i mean, if anybody is scratching their heads, they're not buying it. >> it's interesting. he didn't talk about tax cuts at all in this. he is trying to change the terms to spending cuts because he thinks republicans play better in that territory than the president does, and they've kind of seemed to yield the issue of tax cuts for the rich or trying to protect them. i think this is really him talking to the tea party caucus because i'm less optimistic, as jim here, because i think ultimately
erskine bowles recommendation, aside from the fact he's a plagiarist, doesn't that indicate it's not a constructive and detailed plan. >> the onus is on the republicans to come up with a response. they failed to do that. what they came to a was erskine bowles plan which is funny for a lot of reasons. we don't have the time to get into it. >> we don't. >> it's not their plan. it doesn't deal with the specifics. we will have a moment of clarity, and if during that moment of claire clity the republicans don't back down, the public will see this same mechanism again they want to put their political maneuvering ahead of a common sense middle class approach for the whole country. i think this time will be worse for them than last time and i think the markets can see what's going on. >> okay. >> two final points -- >> i'm sorry, we just don't have enough time but thank you both. >>> next, republicans really did think mitt and paul were going to win, didn't they? might explain why they have no plan "b." stay with us. hungry for the best? it's eb. want to give your family the very best
of balance." one man who has been searching for that balance is erskine bowles, who, with alan simpson, is co-author of a deficit reduction plan that neither side has previously embraced. i spoke with him a short time ago. erskine bowles, thank you so much for joining you. late this afternoon john boehner, the house speaker, sent a letter to the white house in which he said he needed to find different middle ground on this fiscal cliff issue. he particularly cited your report which he described as providing imperfect but fair middle ground as a way of breaking this political stalemate. he's saying only the president would adopt your approach that maybe this stalemate could be broken. what do you think about that? >> (laughing) well, i haven't seen the letter, as i think you know. it's nice that the speaker would give me some credit for trying to do that. but what he is referring to is when i testified before the super committee, i tried to show these guys that if they truly wanted to ghettoing that they could ghettoing at that time. and basically as an example on discretionary spending they w
million people lose their jobs, unemployment goes to 9%. >> that is erskine bowles, who along with alan simpson shared the deficit reduction commission a couple of years ago. they are both in town trying to pound a sense at into elected leaders. evan thomas has been out of town promoting his book, "ike's bluff." terrific christmas present. >> thank you. >> as i recall, we were having the same composition we are having now. >> like groundhog day. talk about bluffing -- they will be complete unreasonable until the last second where they agreed. while they are bluffing, we could go over the cliff. >> where are we headed, mark? >> one side says that raising tax rates is an example, the other side says we will not balance the budget on the backs of students and seniors without asking those who make as much as i do not to pay another diamond. we are in the chest thumping a stage of this negotiation. we are interested in the product rather than the process. the process does the fact of the product and you don't want hostilities to make the final product unreachable. >> nina, there were a bunch
-- as erskine bowles and alan simpson's plan, and that would include big durbin, tom coburn, mike crapo from wyoming. there are a handful of people who did. what you are confronted with right now is the reality that not since 1990 has any republican and a house or this and -- the house or the senate voted for any tax increase. what they are terrified of is a primary challenge. they have all of these bedwetters and nervous nellies in the caucus who are terrified ey will be primary ihey vo to incase t taxesf donald trump by a dime. >> when you listen to mark, you think this is a republic governed by the house of representatives. aptly, we have a president. as evan indicated, a heat south peddled it, as not shown leadership? he has done nothing. >> he has done nothing -- >> he appoints a debt commission and then he ignores it. he has nerropod in public ever a single serious change in entitlements. he knows exactly what all of this note, that it has to be done. the republicans responded to the election the day after by offering to change that 20 years to raise revenues, even now they are hoverin
referred to, the erskine bowles commission, and here we are almost 20 years later. we're out of time. i wish we had more. i appreciate you. great to see you. and be sure to tell newt gingrich's love for me. there is a story behind that. i should not have done that. my best to you. up next, the civil war raging in serious sets off alarms in the obama administration as reports of chemical weapons are surfacing. we will be talking syria, egypt, iran, israel, palestine, possible u.s. intervention. his new book. i wonder, is that it? that is it. my goodness. that's good. that's dead. what's next? he's going to apply testosterone to h underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron it for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women,speciallthose whar or who may become pregnant, and chilen should avoid contact where axon is apapplied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symp
to work with th republicans. he brought in a new chief of staff the name of erskine bowles, and in that has popped up again. and he immediately called me and said to my here to work with you and that enabled us to do al of things that i don't think the republicans today can get done with this obama white house. lou:and are you and i in agreement th the republicans are not innear sufficiently strong position, not with the lack of taent, there are ome quesonsabou that but because of the lack f power of the leaers in the house and the role of the housen this negotiation. >> i am not prepared to ay that. i go up to the capitol every week and meet with the republican leaders and lten to them as thy talked very openly about what tir views are d what they're trying to get done. and i cantell you tt they are a lot stronger than they have been presented by the conservative media. the interesting thng about the speaker is to o make you look carefully at his roposals, he is never implyg that e would increase tax rates. and yet the mentiod the breitbart comments. and that is really n
review from an unlikely source. erskine bowles is publicly stating that the white house's proposal simply will not work. ouch. take a look. >> spending is the biggest part of this problem. even if you raise the top rates back to the clinton rates, you know, that only creates about $400 billion over 10 years. that's $40 billion a year. we got a trillion dollar a year deficit. that alone won't solve the problem. we have to cut spending. we're going to have to do more. you know, we may not like it. you know, we may wish we didn't. we simply made promises we can't keep. we've got to face up to it and we've got to have a bold decision in order to make sure we put our fiscal house in order. >> sean: sadly we know all too well that cutting spending has become a foreign concept in america. a new congressional budget office report revealed that the federal government borrowed 46 cents of every dollar it spent this fiscal year. however that staggering number is not likely to sit well with an overwhelming number of men's. according to a brand-new george washington university poll 76% of those survey
to do with the big three on the entitlement programs. most of us would love to see an erskine-bowles type of solution put on the table here. >> so what if there were -- >> the simpson-bowles, sorry. >> simpson-bowles, i understood what you mean. there is an erskine bowles as well. what about congressman tom coley, your colleague, and his overture that you would be ready to get moving and make this overture saying i'm fine, i'm fine with this $250,000 a year family not getting a tax cut and letting that expire, that tax cut for those wealthier 2% to expire. there are a couple people who have come out with that. mary bono mack has said that doesn't sound too bad. what about you? >> yeah, no, i don't support that. and tom is a great political strategist and what he was saying is hey, look, we know there will be a revenue increase, if we can get that big deal, and so let's just go ahead and take it off the table, you know, let's take that leverage away from the president there, but the reality is as a republican who my very core principles are lower taxes, limited government, to just tak
rumored to being vetted. roger altman, former treasury official, larry fink, be erskine bowles. this what is alan simpson, erskine bowles' partner in the deficit commission, had to say about that possibility last week on the show. >> he said he would be very pleased to do that. he shared that with me personally, as long as they move the treasury department to north carolina, to charlotte. i don't think -- >> he's worked so hard on this. you don't think he could be persuaded? >> never. because he wouldn't want to serve in a dysfunctional government. >> and no argument that it is dysfunctional. one of the key players here who is leaving government was mentioning -- i was asking, why is jack lew so disliked, let's say, by the republicans with whom he negotiates? and the answer that i was given was that he knows the budget. he knows the baseline and the baseline is really what mandates how much in cuts really will be cut and that he ran circles around the house negotiators last summer durings the super committee because he knew what he was talking about. which, you know, arguably that's a big
skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not represent the simpson-bowles plan or the bowles plan. in fact what bowles is is that the speech that boehner based his proposal on was something that bowles had laid out in the middle of the negotiations last year as the mid-point between two sides but bowles is saying today that the mid-point has changed, a lot has changed since last year and it's up to the negotiators to figure out where that mid-point is and where and if they can get a deal, larry. >> we'll leave erskine bowles to his own devices. this is not perfect. i'm not writing it. it's not perfect. here's boehner literally bending over backwards, rising above partisanship and the white house just slaps him down. slaps him down. don't they know how bad they are starting to look? only on the basis that boehner didn't raise tax rates on the rich but does have a tax concession on deductions. this is getting pretty silly. if the president want
you agree with erskine bowles who told us where we are right now resembles theater? >> i think it's a little bit more than that. i think that there is a much deeper partisan divide. i think erskine bowles, bless his mart heart, still wants to believe we live in the washington of 20 or 30 years ago where reasonable men could ghettoing and make sensible deals. i don't think we're in that washington anymore. i think this is going to be... i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome which hopefully won't be too bad. but the idea that we're actually going to have a guy shaking his hands and everybody feeling good about the outcome. that's not necker in the year 202 or 2013. >> ifill: paul krugman of princeton university and the "new york times." thank you very much for joining us. >> thank you. >> ifill: we'll continue our conversation series in the days to come. that will include an interview with one of the most vocal conservative opponents of higher taxes, grover norquist. >> woodruff: now, as part of our "agent
. peanuts. i recently spoke with erskine bowles, the bowles in simpson-bowles and even he agreed that bill gross is right. >> absolutely. he's 100% right. i don't know if 16's number but i would be happier at $5 trillion or $6 trillion because that's what we need to solve the problem long term. >> those are big numbers. bilg gross will be with us in a moment. i want to bring in john avalon right now. this is what i find incredible we are getting so focused on the deal and the politics of a deal and going off the cliff and if the cliff is a slope and missing the overall picture which is that we have a bigger crisis than anybody's talking about. >> that's a great point and exactly right and what they have been warning about. look. politics is the art of the possible and near term that focus on $4 trillion, $2 trillion, look how hard that is to get to. it doesn't begin to solve the larger problem. we need to get economic growth and cuts in ways that this congress can't contemplate. >> thank you. now let's bring in bill gross, founder of pimco. they said we're talking now and getting a deal do
overturned. it is very similar to what erskine bowles, the former clinton chief of staff, who was the co-leader of the simpson- bowles commission, separate from that commission, mr. bowles testified before the super committee last year and testified at that time. republicans say that their current model is modeled after that offer. the simpson-bowles model has gone on lot of talk in the last two years. it is proposed on democrats in these discussions. on the revenue side, but $800 billion that they are offering, that is the same of what speaker john vader, offered the president in their negotiations -- speaker john boehner offered the president in their negotiations in 2011. the white house has consistently signaled a loss of of weeks that they will not accept any deal that keeps tax rates for the wealthy. >> russell burma is a staff writer for the hill. thank you. >> thank you. >> and you can go to our website c-span.org to read the letter that the president wrote to house rubble can survey. it was signed by house speaker john vader, majority leader eric cantor, and four others. a group
banded together with deficit commission co- chairs erskine bowles and alan simpson to launch the "fix the debt" campaign. darren gersh spoke with maya macguineas, one of the organizers of the campaign. darren began by asking her if the business leaders are making a difference. >> i think the whole campaign is making a difference in that what we actually have is now over 300,000 citizens, 2,500 small businesses, well over 100 c.e.o.s and partners across the country who are basically trying to deliver a message that is different. and the message isn't take this off the table, take this off the table, take this off the table, at which point you have nothing left on the table and we can't fix the problem. but it is, we want the country to come together. we want them to come up wih a plan that is big enough to fix the problem, and we want them to do it in a way that is bipartisan. on the business leaders, they have, up until this moment, not been that involved in the issue. last summer, when we had the debacle about the debt ceiling, einsmall i think small businesses and large businesses r
of crazy. i mean, i love alan simpson and erskine bowles, but they're talking about inflation at a moment when people are paying us money to invest in our treasury bonds. you know, the summer before last, when we had the debt ceiling negotiations, and everybody was saying oh, our credit is about to go down the tubes. the price of u.s. treasury bonds were going up. so the fact is that we have a problem. i'm hoping that we'll deal with it, especially, you know, the old age entitlementes, because sooner or later, you and i are going to be old enough to qualify for medicare, and we're going to at the present time to be a good system. but we i think a little rationality is called for. >> schieffer: you're saying it's not as bad as it seems. the fact of the matter swhen the bush tax cuts run out at the end of the year, when payroll tax-- whatever they call it, runs out at the end of the year, people's taxes are going to go up. they may not be a crisis for some of the upper income folk but if you're down the line there, that's a big deal. >> and i fully believe that's going to be taken care of.
but both sides say lines of communication remain open. on face the nation erskine bowles co-chair of the bipartisan deficit commission told bob schieffer he's a bit more optimistic than he was a week ago. >> we were going through the kabuki theatre, one side making an offer, the other rejecting it and that is pretty natural in any deal. but you know, they've started to tango now and you know any time you got two guys in there tangoing you got a chance to get it done. >> glor: meanwhile urging both sides to get this done jeffrey immelt chairman of general electric spoke to charlie rose. >> i would say the business community almost universally speaks with one voice that this needs to get done and get done now. and moving it to next year is just failure. >> glor: you can see the full jeffrey immelt interview first thing tomorrow on cbs "this morning." >> big business is together in wanting to avoid the fiscal cliff. tonight randall pinkston with the worries of small business. >> reporter: retired army officer rod hudson runs a 13 man business that operates at the centre of nati
Search Results 0 to 49 of about 153 (some duplicates have been removed)

Terms of Use (31 Dec 2014)